Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-04-10
THE TANNERY ENTERPRISE.
Something of the Plans of Our Young Hen
to Raise the Capi!nl II quired


to Raise the Capital Required.
a few days ago THE GAZETTE publish
ed al article in regard to cooperative
manufacturing Institutions, and it strucE
responsive chord IN the minds of G
number of young men Of Fort Worth who
at once set to work on the line suggested
! Trey took the t6unery enterprise IS the
object of their efforts. Several months
! ago Mr.. Keith and his sons,
practical men, began the work 81
tanning hides of various kinds and
notwithstanding their to.al lack Of capt
tsl hey have made their tanneTY q great
success in g small way. They have sold
@ number of AngCra goat skins tanned
with the beautiful hair on, and these pro-
ducts Of their handiwolk have been sent
by citizens to q number Of states to the
east and north. They have also tanned
goat, wolf and calf skins, for which they
have found q ready market, but the lack
of capital has hampered ih-ir Operations.
This tannery came to the notice of sew
eral Of the y, ing men who read THE
GAzETTE's article, and they at once de-
termined 10 assist the enterpriSiDg found
ers Cf the institution.
AklCI NSEiSl4 tabIOn GLL1Ot4S tICLuSClN CO
and with others plan WAS agreed u On
aud the execution of this plan is now be-
ing pushed. 1t is proposed to issue leo
shares of stock at $500 per share,
this stock to be paid for
and each $1,000 accumulated tc be at once
invested IN the t4nnery. The stockh0!d5
ers will elect u board Of directors and the
II,
ten months, and possibly sooner, the
stock will be paid up. Pcot(s accruing
will. he added to the stock t. make up the
$1,000 and when the fall amount has
been made up by payments and profits,
although but seven or eight payments
have been made, paid-G0 stock to the full
value OF share viii be issued to the
stockholders, and thereafter the profits
will be paid cut IS dividends. The 10
stoCkh llders are to pledge themselves to,
so far IS possible, personally p&tTOnZe
the ianneTy by having their boots and
shoes made Uf Fort e 0ltb leather and to
induce their friends TO do the same. The
matter is being thoroughly c8EVassed and
the several lists out are iViCg q num-
Der of signatures. 0Qe Il the gentlemen
who has taken an interest in the matter
says LbGJ ne Wll leave samples OF the
leather made st Ihls taunery at THE GA
ZETTE cflice Monday, and those who de.
sire can call sud see II. Among tie subs
scribers to the stock are a number Of
well known citizens and there is every
reason 10 believe that the full amount OF
stock will be taken.
This move is certainly COmmendaole,
and If successful, will demonstrate what
Fort Worth's young men can do by
aggregating their small savings ald in
vesting in enterprises Of this sort. Here
is tannery that, without capital, has
been as successful as the most ssnguine,
could expect, and now the young maI
who earn modest salaries or who are Sc
business in asmall way, propose to furnish
capital sufficient to give tort WGrth
a good tanneTy. Ten dollars month or
or So so a week is all that is required to
take stock in this manufacturing indus
try. AS soon as the matter has pro-
crossed farther and the stockholders
meet THE GAZETTE will inform its read
ers as to the result.